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2010-11 cap $2M higher than thought


Dpantherman

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By Marc Stein

ESPN.com

NBA teams found out Wednesday that the salary cap for next season will be nearly $2 million higher than anticipated, providing additional unforeseen cap space to several teams.

The NBA announced a cap of $58 million for the 2010-11 season, when most teams had budgeted a cap of $56.1 million.

The exact salary cap figure, according to league sources, is $58,044,000, up from $57.7 million in the 2009-10 season.

That means teams such as Miami, New York, New Jersey, Chicago and the Los Angeles Clippers have more spending room than anticipated to accommodate free-agent signings.

The luxury-tax line for the coming season will be $70,307,000, up from $69.9 million.

The mid-level exception for next season is $5.7 million.

http://sports.espn.go.com/nba/news/story?id=5362260&campaign=rss&source=twitter&ex_cid=Twitter_espn_5362260

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